186 NE 2nd Ave
Delray Beach, FL 33444
Delray Camera Shop & Drive-Thru · Retail Property For Sale

This property offers over 1/3 an Acre on the Hard Corner of Pineapple Grove includes Two Free-standing Net Leased Buildings. There is abundant parking which is currently being leased to to Valet for Max's Harvest parking at night. This asset is ready to be re-positioned. With shoter term leases in place providing income as the development plan is approved. There is a larger assemblage play available with Two Adjacent Properties (1+ ACRE TOTAL)available also for sale. Pine apple Grove is one of the Strongest Retail Corridors in the Entire City of Delray Beach. The Delray Camera Shop and Drive Thru Store have been an institution at the corner of NE 2nd Street and NE 2nd Avenue (186 NE 2nd Avenue)in Pineapple Grove for the last 40 Years. The Owner of this corner property has decided to retire and for the first time this unique Property is being offered for sale. The Camera Store will close upon sale or will entertain a short lease-back period. The Drive Thru Store is on a five year lease with Landlord’s right to terminate after two years. The Drive Thru Store is currently paying $42,000 annually in rent and their pro-rata share of property taxes and insurance. The total square footage of land is .3867 acres or 16,844 square feet. The adjacent Mixed-Use property at 172 NE 2nd Avenue is also for sale at the same $6,000,000 price. The total adjacent land is .3094 acres or 13,477 square feet. In addition,the Owner of 140 NE 2nd Avenue has recently come to market at $6,850,0000. The Land Square Footage of 140 NE 2nd Avenue is .3478 acres 15,150 square feet. The total square footage for this unique assemblage opportunity is 45,471 square feet. In speaking to the City of Delray,per the code,a developer would be able to fully utilize the entire site as there are no set back requirements. The maximum height would be four stories. Plans in the area include a new Boutique Hotel being developed immediately across the street. In Delray Beach, a new IPIC Theater is planned to open 2018. Atlantic Crossings is underway and this large future multi-use project will add a huge impact to the Town. Now is the time to act on this rare opportunity to secure legacy real estate properties in downtown Delray Beach, Florida.